The Australian regulator plans to extend the Qantas-American JV until 2026

Canberra: The Australian Competition Regulatory Authority proposed to re-license a joint venture between Qantas Airways Limited and American Airlines Group Inc. on Friday, extending it for another five years.

The carriers entered a trans-Pacific joint business agreement in 2011 to coordinate services between the United States, Australia and New Zealand.

The Australian Competition and Consumer Commission (ACCC) authorized the agreement in 2011 for a period of five years and re-ratified it in 2016 through 2021.

“Passengers traveling on routes across the Pacific can benefit from improved products and services, including increased potential for capacity increases, new routes, increased connectivity and improved schedule selection,” ACCC Commissioner Sarah Court said in a statement.

Qantas and American Airlines did not immediately respond to a Reuters request for comment.

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